3230 Richton Street Detroit, MI ^$ 220,000

3230 Richton Street

^$ 220,000

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3230 Richton Street

Detroit, MI, 48206

^$ 220,000

Studio Baths4.0 Sq 5,040

Monthly Estimate*

^$ 1,373

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Studio

Multi-Family Home for sale in Detroit, MI

for $220,000 with 4 full baths. This 5,040 square foot home was built in 1925 on a lot size of 0.14.

Discover the incredible potential of this massive over 5,000-square-foot multifamily property at 3230 Richton St in Detroit. Each unit features three full bedrooms and one bathroom, significant rental potential post-rehab. With its size and solid structure, this building presents a prime value-add opportunity for investors looking to boost returns through renovations or repositioning. Located near the historic Boston Edison district, this property is perfect for anyone seeking both cash flow and long-term growth in one of Detroit's growing neighborhoods.

Multi-Family Active

Price

^$ 220,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 4,565

Style

Colonial

Lot Size

0.14

Year Built

1925

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60951298

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 4

Half Baths 0

Bathrooms 4

Year Built 1925

Subdivision Linwood Heights MI

Style Colonial

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 0

Ownership Private

Municipality Detroit

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions N of Windermere W of Linwood

City Detroit

School District Detroit City School District

Financial Terms Cash

Legal Description N RICHTON E 17.50 FT 459 460 LINWOOD HEIGHTS SUB L35 P6 &LATS W C R 12/201 52.50 X 120.50

DOM 27

Postal Code 48206

Price Per Sq Ft Total AG 43.65

Public Remarks Discover the incredible potential of this massive over 5 000-square-foot multifamily property at 3230 Richton St in Detroit. Each unit features three full bedrooms and one bathroom

Interior

Basement Block

Fireplace? No

Total Number of Units 4

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 52

Lot Size Area 0.14

Lot Dimensions 52.5X120.5

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Joseph Hammel

Listing Agent

Keller Williams Somerset

Broker

joe@firerealtyteam.com

Affordability Calculator

$1,753

Per Month

Monthly Principal & Interest: $1,373
Monthly Property Taxes: $380
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$237,392

Percent of Sale Price 8%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/6/2025	$220,000		Listed Price

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3230 Richton Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $220,000 with 5,040 sqft and a lot size of 0.14. 3230 Richton Street is a studio with 4.0 baths and was built in 1925. The property's zip code is 48206 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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3230 Richton Street

Multi-Family Home for sale in Detroit, MI

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